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Forex Mafioso
 
Tested Result:
Forex Mafioso
 

Updated: Oct-2008

Profitable: 0/10

Easy To Follow: 7/10

Honest Result: 3/10

Support: did not test support

Bonus Value: 6/10

Results: 0/5

The Good: One more loser

The Bad: backtest showed total loss on recommended pairs

 
 

REVIEW: Our good reader Brian Watt suggested to backtest the new Forex Mafioso system. One more losing system covered by nice site graphics...

As vendor claims in the manual "This software can run on any pair. But my suggestions are EURUSD, GBPUSD and USD/JPY. the best timeframe is 4Hour". Well, I have tried the system on USD/JPY and EURUSD H4 and failed on both. The balance curve shows slow deposit loss in 2008.

I have no idea what is wrong here but I guess the system does not work.

Take a look yourself: Click to view the backtest image

So be careful guys!

 
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Forex Risk Disclosure. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.